Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade	4/19/2011 7:56:00 AM
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finance.yahoo.com By Lauren Tara LaCapra NEW YORK (Reuters) - Goldman Sachs Group Inc is expected to report sharply lower quarterly earnings due to weak trading results and a charge for buying back preferred stock from Warren Buffett's Berkshire Hathaway. Analysts surveyed by Thomson Reuters I/B/E/S on average expect Goldman to post first-quarter earnings of 82 cents per share, down from $5.59 a year earlier. Goldman bought back $5 billion of preferred stock from Berkshire Hathaway during the quarter, reducing its earnings by $1.6 billion. Trading weakness is also expected to weigh on results. Last year's first quarter offered a trading bonanza for many Wall Street banks, but making money in that business this year was much tougher, because many markets moved unpredictably. Oil prices surged and the yen jumped against the dollar. Other markets did not move clearly in any direction, spurring clients to wait on the sidelines. JPMorgan Chase & Co still managed to post strong trading results last Wednesday, especially in fixed income, currencies and commodities. ...more We'll see if WB uses that money to buy gold bars. LOL

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